Byline Bancorp Reports Significant Increase in Net Income and Improved Efficiency for Q1 2026

Byline Bancorp, Inc. reported a significant increase in financial performance for the first quarter of 2026, with net income rising to $37.6 million, or $0.84 per share, compared to $28.2 million, or $0.65 per share, in the same period last year. This increase of $9.3 million was primarily driven by an $11.6 million rise in net interest income, which reached $99.9 million, and a $3.6 million reduction in the provision for credit losses. The company’s total assets grew to $9.9 billion, up from $9.7 billion at the end of 2025, largely due to a $251.1 million increase in securities available-for-sale.

In terms of operational metrics, total loans and leases decreased slightly by $34.1 million, or 0.5%, to $7.5 billion. The decline was attributed to a reduction in purchased credit deteriorated loans and acquired non-credit-deteriorated loans, which fell by $69.5 million. However, originated loans increased by $35.4 million, reflecting organic growth. Total deposits also saw a rise, increasing by $154.4 million, or 2.0%, to $7.8 billion, driven by growth in interest-bearing checking accounts and time deposits.

Byline Bancorp's strategic developments included the completion of the acquisition of First Security Bancorp, which was finalized on April 1, 2025. This acquisition has contributed to the company’s growth trajectory, although specific financial impacts from the acquisition were not detailed in the latest report. The company continues to focus on expanding its market presence, particularly in the Chicago metropolitan area, where it operates 44 branches.

The company’s efficiency ratio improved to 49.78% for the first quarter of 2026, down from 53.66% in the prior year, indicating better cost management relative to its income. The annualized return on average assets also increased to 1.56%, up from 1.25% a year earlier, while the return on average stockholders' equity rose to 11.43% from 10.32%. These metrics suggest a positive trend in profitability and operational efficiency.

Looking ahead, Byline Bancorp anticipates continued growth in its loan portfolio and deposit base, supported by its strategic initiatives and market conditions. The company remains focused on managing its interest rate risk and maintaining a strong capital position, with a common equity tier 1 capital ratio of 12.55% as of March 31, 2026, indicating a well-capitalized status under regulatory standards.